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Salt Lake City Bookkeeping Blog

Accounts Payable Practices That Actually Save Money

Posted by Leanne Armstrong on Oct 10, 2018 9:00:00 AM

Money moves in and out of every small business, so managing cash flow is essential. You may not be able to avoid the expense side of the cash flow equation, but following a solid accounts payable process will keep business costs under control and may even save you some money. Let’s look at a few proven ways to plug potential holes in your accounts payable practices.

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Topics: Accounts Payable, paying bills, Cash Flow

5 Things I Would Demand From My Bookkeeping System

Posted by Matt Roberge on Jul 31, 2013 7:00:00 AM

As a small business owner you need to know how to get the most out of your bookkeeper. If handled properly your bookkeeping system can be a tool that you can use to make decisions and grow your business. In order to have a bookkeeping system that you can actually use you need to know what you need. Here are five things I would demand from my small business bookkeeping system.

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Topics: QuickBooks, QuickBooks Reconciliation, Financial Forecasting, Cash Flow Management, Accounts Receivable, Cash Flow, Bookkeeping Tips, Small Business Bookkeeping, Financial Reporting, Accounts Payable

8 Small Business Bookkeeping Blunders During Startup

Posted by Matt Roberge on Jul 24, 2013 7:00:00 AM

Running a bookkeeping consulting firm geared towards small businesses teaches you a lot about business startups. We see all sorts of missteps, whether it is right from the beginning or several years down the road. It is very rare that a business will do everything right during the startup phase. The list of tasks that need to get done to get your business up and running can be overwhelming. No matter how experienced you are in business you can’t be an expert in every facet of launching a business. It is amazing to me how reluctant people are to ask for help during the startup phase of a business. I think many people have the mindset to get their business launched by spending as little money as possible. However, this approach often leads to costly mistakes, which are more expensive in the long-run. It is usually much cheaper to pay someone to do something correctly the first time rather than pay them to fix your mistakes in the future. Here are 8 common bookkeeping mistakes I see new businesses make when starting their business.

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Topics: Bookkeeping Theft, QuickBooks Reconciliation, Bookkeeping Services, Bookkeeping Processes, Accounting Reconciliation, Bookkeeping Help, Accounts Receivable, Financial Reporting, Bookkeeping Errors, Accounts Payable